by Ramki | Nov 14, 2008 | US Stocks outlook
Two closes below the wedge is certainly not good news. I am loath to push my luck when the trade doesn’t go as expected. There are countless opportunities in the market, and the one main goal for any trader should be to preserve his/her capital to be able to trade...
by Ramki | Nov 13, 2008 | Saudi
The Saudi markets have lost more than half its value since the beginning of the year. How much more pain can they bear? Looks like there is scope to fall by at least another 12%. Check out this chart.
by Ramki | Nov 13, 2008 | US Stocks outlook
Well folks, you all know that I have been working on the paradigm of a diagonal triangle, and provided for a throw-over at the end of the 5th leg of the pattern. This throw over has happened last night and we should ideally look for a strong close today. Take a look a...
by Ramki | Nov 11, 2008 | S&P500
If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index...
by Ramki | Nov 11, 2008 | Dubai
On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried. A safe level to buy will be around 1860 in the index. As always, when one is trying to pick a...
by Ramki | Nov 10, 2008 | S&P500
On November 3, a day before the US election, I wrote that the S&P index was still in a downtrend and we should use any recovery to the prior high of 1045 to get out of longs. I also suggested that should we reach 1136, we should turn short there. As it turned out,...
